Rosetta Shifts Focus To Eagle Ford Shale

Rosetta Resources Inc. said it will invest $325 million on Eagle Ford shale activities in 2011.

The commitment is part of a $360 million capital budget approved by the Houston-based oil and gas company, and now represents the largest producing area in its portfolio.

To fund the capital budget, Rosetta (NASDAQ: ROSE) will use current cash flow as well as proceeds from planned sales of assets in the Denver-Julesburg Basin in Colorado and Sacramento Basin in California.

The company has shifted more than 30 percent of its production to liquids, according to Randy Limbacher, president and chief executive officer, and the new program calls for the drilling of 40 new wells.

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